Arevon Signs Three 20-Year REC Deals for 200 MW Illinois Solar
Perry County – October 13, 2026 -- Arevon Energy has executed three 20-year Indexed Renewable Energy Credit (REC) contracts with Ameren Illinois, ComEd and MidAmerican Energy for its 200 MWac/275 MWdc Panther Energy Project in Perry County, Illinois.
Panther Energy to deliver 421,131 RECs in its first year
The contracts follow Panther Energy's selection in the Illinois Power Agency's (IPA) Summer 2026 Indexed REC procurement, which the Illinois Commerce Commission (ICC) approved. Under the IPA methodology, the project will deliver 421,131 RECs in year one. Those volumes will be allocated among the three utilities through separate long-term contracts with each.
The utilities will use the RECs to meet obligations under the Illinois Renewable Portfolio Standard. The Indexed REC structure provides long-term revenue certainty that supports development and financing of new renewable projects.